Is Walnut Creek, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walnut Creek is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Walnut Creek has remained a Seller's Market.

Key Takeaway

Walnut Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Walnut Creek, CA

How much do homes in Walnut Creek, CA cost?

Median Sold Price

$863,226

$598/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,206(+4.8%)

Key Takeaway

Homes in Walnut Creek have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Walnut Creek was $863,226 in November 2024, up 4.8% from last year, and the median price per square foot was $598.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $368.5K$382.5K
+3.8%
2 $625K$617.4K
-1.2%
3 $1.1M$1.2M
+3.3%
4 $1.5M$1.6M
+10.0%
5+ $1.9M$2.0M
+6.4%

Summary: Walnut Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Central Contra Costa
+6.2%
Walnut Creek
+4.8%
Pleasant Hill
+4.6%
Lafayette
+3.0%
Concord
+1.8%

Housing Supply in Walnut Creek, CA

How many homes are available in Walnut Creek, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
379327-13.7%

Summary: The Walnut Creek real estate market had 327 homes for sale in November 2024, a 13.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5246
-11.5%
2 184160
-13.0%
3 6760
-10.4%
4 5042
-16.0%
5+ 2619
-26.9%

Summary: The Walnut Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.5%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 26.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12092-23.3%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walnut Creek, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.

Summary: A total of 92 homes were sold or pending in Walnut Creek in November 2024, down by 23.3% month-over-month. Of the 88 sold homes, 48% were sold under asking, 16% were sold at asking, and 36% were sold over asking.

Days on Market for Walnut Creek, CA

How long does it take to sell a home in Walnut Creek, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days33 Days+71.2%

Summary: Homes in Walnut Creek had an average of 33 days on market in Nov 2024, up by 71.2% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Walnut Creek are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 92 homes were sold in Walnut Creek; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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